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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 20</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3089 up 0.0026</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.28 DEC21 HI 4.11 1/2</u></div>
<div><u> LOW 4.21 1/2 LOW 4.07 1/2</u></div>
<div><u> CLOSE4.23 1/4 Up 3/4 CLOSE 4.08 1/4 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR21+MAR21+MAR21</u></div>
<div><u>CK Low 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>CK High 1.35 5.58 219.77 0.95 5.03 198.12</u></div>
<div><u>CK Avg 1.31 0.00 5.54 218.13 0.91 -0.27 4.99 196.48</u></div>
<div><u>Essex Cty 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Mdsx Low 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Mdsx High 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Mdsx Avg 1.30 -0.01 5.53 217.80 0.90 -0.27 4.98 196.15</u></div>
<div><u>Hensall 1.32 5.55 218.46 0.92 5.00 196.81</u></div>
<div><u>Bruce 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Putnam 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Burford 1.35 5.58 219.77 0.90 4.98 196.15</u></div>
<div><u>Port Perry 1.40 5.63 221.74 1.00 5.08 200.09</u></div>
<div><u>Norfolk 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Palmerston 1.30 5.53 217.80 0.86 4.94 194.58</u></div>
<div><u>Varna 1.30 5.53 217.80 0.90 4.98 196.15</u></div>
<div><u>Trenton 1.45 5.68 223.71 0.95 5.03 198.12</u></div>
<div><u>Winchester 1.55 5.78 227.65 1.25 5.33 209.93</u></div>
<div><u>North Gower 1.45 5.68 223.71 1.25 5.33 209.93</u></div>
<div><u>Vankleek Hil 1.38 5.61 220.95 1.03 5.11 201.27</u></div>
<div><u>Huron FOB 1.43 1.54 1.55 1.59 5.66 222.92N/A</u></div>
<div><u>Kent FOB 1.40 5.63 221.74 0.95 5.03 198.12</u></div>
<div><u>Lamb FOB 1.50 5.73 225.68 1.05 5.13 202.06</u></div>
<div><u>Mdsx FOB 1.40 1.60 1.60 1.65 5.63 221.74N/A</u></div>
<div><u>FOB SW Que 1.89 6.12 241.03N/A</u></div>
<div><u>Track 1.86 6.09 239.65N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.57 1.63 1.13 5.21 205.21</u></div>
<div><u>Jhnstwn-Eth N/A 1.58 1.63 1.69 1.39 5.47 215.44</u></div>
<div><u>Aylmer-Eth 1.75 1.83 1.83 1.85 5.98 235.52 1.20 5.28 207.96</u></div>
<div><u>Sarn-Eth N/A 1.65 1.70 1.75 N/A</u></div>
<div><u>London-Ing N/A N/A 1.80 1.85 1.25 5.33 209.93</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.35 5.43 213.87</u></div>
<div><u>W O Feed 1.91 6.15 241.98</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 6.19 243.79</u></div>
<div><u>Toledo El. 0.00 4.23 166.63 -0.26 3.82 150.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.03 237.49 1.00 5.08 200.09</u></div>
<div><u>Prescott 1.70 5.93 233.55 1.37 5.45 214.66</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 5.58 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3089 up 0.0026</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.96 3/4 NOV21 HI 10.59</u></div>
<div><u> LOW 11.76 3/4 LOW 10.48 3/4</u></div>
<div><u> CLOSE11.81 Up 3 1/2 CLOSE 10.49 1/2 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JAN21+JAN21+MAR21</u></div>
<div><u>CK Low 3.00 14.81 544.17 2.48 12.98 476.75</u></div>
<div><u>CK High 3.05 14.86 546.01 2.55 13.05 479.32</u></div>
<div><u>CK Average 3.03 -0.47 14.84 545.34 2.51 -0.55 13.00 477.67</u></div>
<div><u>Essex Cty 3.00 14.81 544.17 2.50 13.00 477.48</u></div>
<div><u>Mdsx Low 3.00 14.81 544.17 2.49 12.99 477.12</u></div>
<div><u>Mdsx High 3.05 14.86 546.01 2.50 13.00 477.48</u></div>
<div><u>Mdsx Average3.03 -0.48 14.84 545.09 2.50 -0.56 12.99 477.30</u></div>
<div><u>Hensall 3.03 14.84 545.40 2.50 13.00 477.48</u></div>
<div><u>Bruce 3.05 14.86 546.01 2.50 13.00 477.48</u></div>
<div><u>Putnam 3.00 14.81 544.17 2.50 13.00 477.48</u></div>
<div><u>Burford 3.12 14.93 548.58 2.56 13.06 479.69</u></div>
<div><u>Port Perry 3.04 14.85 545.64 2.48 12.98 476.75</u></div>
<div><u>Norfolk 3.05 14.86 546.01 2.55 13.05 479.32</u></div>
<div><u>Palmerston 3.06 14.87 546.38 2.52 13.02 478.22</u></div>
<div><u>Varna 3.05 14.86 546.01 2.50 13.00 477.48</u></div>
<div><u>Trenton 3.00 14.81 544.17 2.50 13.00 477.48</u></div>
<div><u>Winchester 3.13 14.94 548.95 2.69 13.19 484.47</u></div>
<div><u>North Gower 2.87 14.68 539.40 2.52 13.02 478.22</u></div>
<div><u>Vankleek Hil2.87 14.68 539.40 2.54 13.04 478.95</u></div>
<div><u>Huron FOB 3.23 3.29 3.31 3.37 15.04 552.63 N/A</u></div>
<div><u>Kent FOB 3.15 14.96 549.69 2.55 13.05 479.32</u></div>
<div><u>Lambton FOB 3.25 15.06 553.36 2.70 13.20 484.83</u></div>
<div><u>Mdsx FOB 3.31 3.37 3.37 3.37 15.12 555.56 2.55 13.05 479.32</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.39 15.20 558.50 2.93 13.43 493.28</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.55 15.36 564.38 2.95 13.45 494.02</u></div>
<div><u>Prescott 3.14 14.95 549.32 2.80 13.30 488.51</u></div>
<div><u>Port Colborn3.65 15.46 568.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.81 433.94 -0.46 10.04 368.81</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3089 up 0.0026</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>DEC20 HI 5.98 1/4 JUL21 HI 6.03 1/2</u></div>
<div><u> LOW 5.90 LOW 5.96 3/4</u></div>
<div><u> CLOSE 5.93 1/4 Up 1 1/2 CLOSE 5.98 1/4 Down 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC20 HI 5.51 1/2 SEP21 HI 5.88 1/2</u></div>
<div><u> LOW 5.42 LOW 5.84</u></div>
<div><u> CLOSE 5.44 Down 2 1/4 CLOSE 5.84 3/4 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.37 1.57 1.37 1.22</u></div>
<div><u>CAD $/bu 7.31 7.50 7.31 6.66</u></div>
<div><u>CAD $/tonne 268.48 275.70 268.48 244.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.29 1.23 1.16 N/A 1.37 1.37 1.07 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.30 1.30 1.20 1.35 1.30 1.30 1.10 1.25</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.24 1.05 1.35 N/A 1.41 1.08 1.21</u></div>
<div><u>Varna 1.35 1.40 1.20 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.35 1.45 1.20 N/A 1.35 1.40 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.46 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.15 0.85 N/A 1.47 1.17 0.80</u></div>
<div><u>W O Feed 1.77</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.62 N/A N/A N/A 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.83 N/A N/A N/A 1.97 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.73US 7.50CA 5.93US 7.76CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.57 1.70 1.40 1.01</u></div>
<div><u>CAD $/bu 7.55 7.68 7.38 6.86</u></div>
<div><u>CAD $/tonne 277.37 282.17 271.12 252.14</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 639.02</u></div>
<div><u>DDG's FOB Srn & Aylm 305.00</u></div>
<div><u><br>
</u></div>
<br>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </o:p></span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p> </o:p></span></span></p>
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